China's Energy Transformation: 14th to 15th Five-Year Plan Progress

This document outlines China's energy transformation progress from the 14th to the 15th Five-Year Plan, emphasizing a shift from dual control of energy consumption to dual control of carbon emissions. Key policies include establishing a carbon emission statistical accounting system, product carbon label certification, and a carbon footprint management system. During the 15th Five-Year Plan, carbon emission intensity becomes a binding indicator, with total carbon accounting replacing energy consumption intensity. A dual carbon emission control system prioritizes intensity control initially, then total volume control post-peak. Local governments will implement carbon emission budgets and evaluation systems. The document also highlights high-frequency keywords from past plans, such as renewable energy, energy storage, and grid development, and mentions large clean energy bases, coastal nuclear power, and power transmission channels. Overall, China is accelerating its green and low-carbon development mechanism, aiming for carbon peak and neutrality through comprehensive reforms and international cooperation.